Boston Community Capital is very pleased to report that Zipcar, a Fund I and Fund II portfolio company, had its initial public offering on April 13, 2011 which was by all measures a great success. The ZipCar IPO is a major milestone for Boston Community Venture Fund, as well as for the Community Development Venture Capital industry in general. It provides a great example of the ways in which investing in companies with a triple bottom line can provide not only employment opportunities (Zipcar now employs over 700 individuals) and critical environmental benefits but also significant financial returns.
Read more about Zipcar's inital public offering in the NY Times.